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1 month ago | 
bloomberg.com | Nicolle Yapur |Oscar Medina
Gustavo Petro(Bloomberg) -- Investors are jumping into longer-dated Colombia bonds, wagering that the market has overshot the risks associated with President Gustavo Petro’s budget woes. The nation’s dollar debt due in 10 years or more rose 2.2% last week, the best performance among similarly rated debt in Latin America. The rally was, in part, aided by a broad tightening of emerging-market bond spreads as investors sought out alternatives to US assets.
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1 month ago | 
bloomberg.com | Oscar Medina |Andrea Jaramillo
A construction crew works on pillars for the Bogotá metro project Colombia’s capital in July 2024. (Bloomberg) -- President Gustavo Petro brushed off the US bid to block the financing of projects in Colombia being built by Chinese state companies as his administration moved to join a development bank backed by the Asian nation.
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1 month ago | 
bloomberg.com | Oscar Medina |Andrea Jaramillo
Supporters of Gustavo Petro during a Labor Day rally in Bogota, Colombia on May 1. (Bloomberg) -- Fresh arrests in a sweeping Colombian corruption probe are putting President Gustavo Petro’s marquee pension reform at even greater risk of being quashed by the nation’s top judges.
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2 months ago | 
bloomberglinea.com | Oscar Medina |Nicolle Yapur |Jose Cendon
Bloomberg — Los bonos colombianos están teniendo un desempeño inferior al de sus pares, ya que los inversionistas están perdiendo la fe en el ancla fiscal que estabilizó el mercado local durante más de una década. La credibilidad de la “regla fiscal”, que tiene por objeto limitar la capacidad del gobierno para endeudarse, está en entredicho después de que la administración del presidente Gustavo Petro la incumpliera el año pasado.
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Mar 25, 2025 | 
financialpost.com | Nicolle Yapur |Oscar Medina
Now, strategists are recalibrating their bets for a cut at Monday’s meeting with concerns mounting over whether Guevara’s replacement will move to rein in spending ahead of an election year. The market had been expecting policymakers to resume its monetary easing cycle by reducing its benchmark interest rate to 9.25%. The central bank has lowered borrowing costs by 3.75 percentage points since December 2023.
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Mar 7, 2025 | 
yahoo.com | Oscar Medina |Patricia Laya |Andreína Itriago
(Bloomberg) -- Colombia’s foreign minister still sees the US as a strategic partner under Donald Trump, saying she wants to reset diplomacy a month after President Gustavo Petro triggered a brief tariff war with a post on social media. Most Read from BloombergLaura Sarabia, who Petro tapped as his top diplomat the week before his blow-up with Trump, sought in an interview to mend fences with the Andean nation’s main trading partner and principal ally in the region.
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Mar 7, 2025 | 
financialpost.com | Oscar Medina |Patricia Laya |Andreína Itriago
“We need to bet on diplomacy and on established channels, putting our historic relations on the table and not basing it on megaphone diplomacy,” Sarabia told Bloomberg News during a 45-minute conversation this week at her Bogota office. Colombia’s relationship with the US, she said, is one “built on trust and permanent dialog.” To that end, Sarabia said Trump’s homeland security chief is planning a visit this month to discuss drug trafficking and migration.
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Feb 5, 2025 | 
ca.finance.yahoo.com | Oscar Medina |Patricia Laya
(Bloomberg) -- Colombia’s government was thrown into disarray after a televised cabinet meeting devolved into tearful recriminations and bickering, leading one minister to suggest they all quit.
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Feb 5, 2025 | 
financialpost.com | Andrea Jaramillo |Oscar Medina
Ecopetrol SA shares plunged after Colombian President Gustavo Petro called on the oil producer to sell its operations in the US, citing his government’s position against fracking, which he says is destructive to nature and humanity. (Bloomberg) — Ecopetrol SA shares plunged after Colombian President Gustavo Petro called on the oil producer to sell its operations in the US, citing his government’s position against fracking, which he says is destructive to nature and humanity.
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Feb 5, 2025 | 
news.bloomberglaw.com | Andrea Jaramillo |Oscar Medina
Ecopetrol SA shares plunged after Colombian President Gustavo Petro called on the oil producer to sell its operations in the US, citing his government’s position against fracking, which he says is destructive to nature and humanity. Shares of the majority state-owned Ecopetrol fell as much as 2.4% in Bogota trading. The company had announced this week it was extending a joint venture with Occidental Petroleum Corp. in the Permian Basin in the southwestern US through June 2026.
